On Monday, the Montana Board of Housing (MBOH) allocated more than $27.6 million in federal Housing Credits that will help finance new construction and rehabilitation of rental housing that is affordable for families and individuals across Montana.

More than $27 million will be awarded in November

The Montana Board of Housing this week selected eight housing developers to submit full applications for Housing Credits, the primary source of funding for affordable housing development in the nation.

Guest Column by Bruce Brensdal and Jennifer Olson

There’s no better place to live, work, and play than Montana. Building a successful life here starts with having an affordable and accessible place to call home. Still, for many Montanans finding a stable home can come with barriers. We know families are encountering rising housing costs, a low supply of affordable apartments, and housing choice barriers. Every day our teams here at the Montana Department of Commerce are working to break down these barriers and make access to safe housing affordable and accessible.

Project creates 73 jobs, generates $6 million in wages

Thanks to a partnership among private and public organizations, 118 affordable and accessible Helena apartments have been fully renovated and will remain available for the next 45 years to low-income seniors and those with a disability.

April is Fair Housing Month

For many Montanans, finding accessible and stable housing can mean the difference between living an independent, healthy life or struggling to get by. That’s why the Montana Department of Commerce is recognizing Fair Housing Month, and continuing to work with property owners to develop more accessible, affordable housing options.